Vale S A : Extract of the Minutes of the Extraordinary Board of Directors Meeting of Vale S.A.

CNPJ 33.592.510/0001-54

NIRE 33.300.019.766

EXTRACT OF THE MINUTES OF THE EXTRAORDINARY BOARD

OF DIRECTORS MEETING OF VALE S.A.

The Board of Directors ("BoD") met on March 04, 2022, from 2 pm to 3:45 pm, by videoconference, being present Messrs. José Luciano Duarte Penido - President, Fernando Jorge Buso Gomes - Vice-President, Daniel André Stieler ("DS"), Eduardo de Oliveira Rodrigues Filho ("ER"), Ken Yasuhara ("KY"), Lucio Azevedo ("LA"), Manuel Lino Silva de Sousa Oliveira ("OO"), Marcelo Gasparino da Silva ("MG"), Mauro Gentile Rodrigues da Cunha ("MRC"), Murilo Cesar Lemos dos Santos Passos ("MP"), Rachel de Oliveira Maia ("RM"), Roberto da Cunha Castello Branco ("RCB"), e Roger Allan Downey ("RD"). The works were secretariat by Luiz Gustavo Gouvêa, General Secretary for Corporate Governance of Vale S.A. ("Vale"). Consequently, the Board deliberated the following subject: "PRESENTATION OF THE NOMINATING COMMITTEE'S FINAL REPORT AND

APPROVAL OF THE COMPETENCY MATRIX UPDATE AND THE PROPOSED LIST OF BOARD MEMBERS (2022 Annual Shareholders Meeting ("ASM"): Based on the Final Report of the Nominating Committee ("NC"), to be made public as of the date hereof, the BoD unanimously approved: (i) the update of the Competency Matrix of the Board of Directors; and (ii) the following NC proposals, to be submitted to Vale's ASM to be held on April 29, 2022: (ii.a) list of nominees to be members of the Board of Directors, as follows: I. Mr. José Luciano Duarte Penido; II. Mr. Fernando Jorge Buso Gomes; III. Mr. Daniel André Stieler; IV. Mr. Eduardo de Oliveira Rodrigues Filho; V. Mr. Ken Yasuhara; VI. Mr. Manuel Lino Silva de Sousa Oliveira; VII. Mr. Marcelo Gasparino da Silva; VIII. Mr. Mauro Gentile Rodrigues da Cunha; IX. Mr. Murilo Cesar Lemos dos Santos Passos; X. Ms. Rachel de Oliveira Maia; XI. Mr. Roberto da Cunha Castello Branco; XII. Mr. Roger Allan Downey; (ii.b) appointment of Mr. José Luciano Duarte Penido as Chairman of the BoD; and (ii.c) appointment of Mr. Fernando Jorge Buso Gomes as Vice-Chairmanof the BoD; all of them to accomplish the term of office until the 2023 ASM. Abstentions are hereby recorded of Messrs. José Luciano Duarte Penido e Fernando Jorge Buso Gomes in respect of items (ii.b) and (ii.c), respectively." I hereby attest that the item above reflects the decision taken by the Board of Directors.

Rio de Janeiro, March 04th, 2022.

LUIZ GUSTAVO GOUVÊA

Secretary

CNPJ 33.592.510/0001-54

NIRE 33.300.019.766

ANNEX I OF THE MINUTES OF THE EXTRAORDINARY MEETING OF THE BOARD OF DIRECTORS OF VALE S.A. OF 03/04/2022, HELD AT 2:00 PM

Director MRC praised the format of the report, due to its clear and informative nature and to the form the challenges were presented. He particularly praised the recommendation on the evolution of the format of the advisory committees, and the consideration of the succession plans in the evolution of the board of directors. However, he made only one reservation, with respect to the recommendation of prompt installation of the committee after the 2022 Annual Shareholders' Meeting, for the following reasons: (1) the first Nominating Committee ("NC") E commenced its works in July 2020, and the next cycle could be shorter; (2) we need to discuss the evolution of the CN model, including in the light of the recommendation of the NC itself on external members; (3) as a consequence of this reflection, it is necessary to review the remuneration of the members of the committee, which differs from the market practices; (4) there is a reflection in progress on the scope of Vale's committees, which may potentially impact the NC configuration; and (5) an early installation of the committee would imply unnecessary expenses to Vale. In the opinion of the director, the NC shall be installed in July or August, after the reflections above.

VALE S.A. NOMINATING COMMITTEE

FINAL REPORT

March 2022

TABLE OF CONTENTS

I. INTRODUCTION .............................................................................................	3
a. Nominating Committee Background ..........................................................	3
b. Vale's Business Background........................................................................	5
II. KEY COMMITTEE DISCUSSIONS AND RECOMMENDATIONS ........	5
a. Update of the Board of Directors' Competency Matrix............................	6
b. Assessment of the Board of Directors according to the Competency
Matrix and related activities........................................................................	7
c. Other Committee Discussions and Recommendations..............................	9
i. Quantity of Board Members.......................................................................	9
ii. Distribution between Independent and Non-Independent Members .........	9
iii. Diversity ...................................................................................................	10
iv. Board Succession Planning and Renewal................................................	11
III. PROPOSED LIST OF BOARD MEMBERS ...............................................	12
APPENDIX I...........................................................................................................	14
APPENDIX II .........................................................................................................	15
APPENDIX III........................................................................................................	16

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NOMINATING COMMITTEE FINAL REPORT

1. INTRODUCTION

This Report aims at presenting the results of discussions and recommendations of the Nominating Committee of Vale S.A. ("Committee" and "Vale" or "Company", respectively), installed by the Board of Directors ("Board of Directors" or "Board") on January 27, 2022, related to the composition of Vale's Board, including a proposal of nominees, in view of the election of the aforementioned collegiate body that will take place at the Company's Annual General Meeting of Shareholders, to be held on April 29, 20221.

The conclusions of this Report reflect the independent judgment of the Committee members, and therefore do not represent the opinion of the Board of Directors, as a collegiate, or of other bodies of the Company's management.

a. Nominating Committee Background

In July 2020, Vale's Board of Directors decided to install its first Nominating Committee, to advise it on the structure, size and competencies of the Company's Board, as well as on the nomination of candidates for election as members of such body at the Annual General Meeting held in April 2021, for the 2021-2023 term. At the end of its work, the aforementioned Nominating Committee issued its Final Report, available at www.vale.com/investors, consolidating its recommendations.

After having assessed the aforementioned Final Report, the Board of Directors approved, in March 2021, the list of nominees for the Board, submitted to the 2021 Annual General Meeting.

1 Except for the effective and alternate Board Member elected by the Company's employees for the 2021- 2023 term of office.

3